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84 Newport Dr, Ocean Pines, MD 21811

3 beds • 3 baths • 2501 sqft

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This property looks like a bad Airbnb investment with a projected -21.5% first-year return on $182k initial cash invested.

-21.5%

Cash On Cash

1.18%

Cap Rate

0.2

DSCR

$2,694

Rent

-$3,265

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,694 income − $5,959 expenses = $3,265 out of pocket

Income$2,694Out of Pocket$3,265Mortgage P&I$3,926146%Property Taxes$35713%Insurance$30611%HOA$763%Management$40415%CapEx$1084%Maintenance$1084%Other$67425%

Investment Breakdown

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Purchase Price

$782k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$182k

Downpayment

20%

$156k

Closing costs

1%

$7,819

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,694

Total Expenses

$5,959

Mortgage P&I

146%

$3,926

Property Taxes

13%

$357

Home Insurance

11%

$306

HOA

3%

$76

Property Management

15%

$404

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$674

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